BOOM ==> The Hello 2008 Winner!

[jiesen]

Bot BOOM!

Ok, I upped my limit until it hit at 50.8, so now I'm in, and will fearlessly spam the Yahoo! board with my opinion. I probably paid $2 more than I had to for this one, but I think when it hits $64 in 4-6 weeks, it won't really matter anymore whether I paid 48 or 50 for it.

[jiesen]

Jiesen:

One of your drug stocks AMGN should hit it big soon.
Saw this

/www.telegraph.co.uk/news/main.jhtml;jsessionid=11EMBZ3KHHWTTQFIQMFCFFOAVCBQ YIV0?xml=/news/2008/01/10/ndrug110.xml

the etanercept drug is Embrel, which is from AMGN.
I am familiar with Tumor Necrosis Factor and the TNF blocker seems to offer some real hope for Alzheimer's patients.
This could indeed be big.

That is indeed, HUGE, tintin! Thanks for bringing it to my attention. Never heard about this before. I thought ELN would be the one to bring the first effective Alzheimer's treatment to market, but this could very well change things, if it works as well as the article describes.

[Websman]

Ok, I upped my limit until it hit at 50.8, so now I'm in, and will fearlessly spam the Yahoo! board with my opinion. I probably paid $2 more than I had to for this one, but I think when it hits $64 in 4-6 weeks, it won't really matter anymore whether I paid 48 or 50 for it.

If you don't mind Jeisen, I may spam the Yahoo board a little myself. I'm off work, it's cold, and I have nothing better to do.

[jiesen]

If you don't mind Jeisen, I may spam the Yahoo board a little myself. I'm off work, it's cold, and I have nothing better to do.

what a coincidence, me too!

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_D/threadview?m=te&bn=2475&tid=90438&mid=90438&tof=1&frt=2#90438

[skiracer]

I haven't looked at any of the fundamentals. They might be great but the chart isn't showing anything right now. Timing has to taken into consideration on any play with a time frame. In this case 4/6 wks. is just a long swing trade. It might get to the target or it might not but the timing of any entry in correlation with what the chart is saying on the technical side has to be taken into consideration. The fact that a number of the faithful have waited until after the fact of Ernie's entry looking for the lower entry point gives evidence to that. I don't see the play myself but I know that timing is of the utmost importance. It makes a big difference in the entire trade regardless of the strength of the stock fundamently. They go up and down in cycles on selling and buying strategies as other traders take gains. It's imperative that it be hit at the best time.

[New-born baby]

I haven't looked at any of the fundamentals. They might be great but the chart isn't showing anything right now. Timing has to taken into consideration on any play with a time frame. In this case 4/6 wks. is just a long swing trade. It might get to the target or it might not but the timing of any entry in correlation with what the chart is saying on the technical side has to be taken into consideration. The fact that a number of the faithful have waited until after the fact of Ernie's entry looking for the lower entry point gives evidence to that. I don't see the play myself but I know that timing is of the utmost importance. It makes a big difference in the entire trade regardless of the strength of the stock fundamently. They go up and down in cycles on selling and buying strategies as other traders take gains. It's imperative that it be hit at the best time.

Aw Ski, there you go again: talkin' good sense. Please don't confuse us with the facts when we've already made up our minds. Why you do it, I don't know . . . . lol.

Yup, I agree with you. This is a long swing trade, 4-6 weeks, so market timing does have to be taken into account. I am sitting in ca$$$$h, and have been for awhile, and will continue to do so until after January 15, when C announces earnings. Folks, ya best watch that one, because if C disappoints (I think it will) the market tanks hard.

[mrmarket]

I also think C is screwed. They are so big, and so widespread, many of their managers have been trying to hide the bad news so they can get still get their bonuses.

[New-born baby]

I also think C is screwed. They are so big, and so widespread, many of their managers have been trying to hide the bad news so they can get still get their bonuses.

It ain't easy to fool Ernie.

[New-born baby]

BOOM may just take out your target price in the next 4-6 weeks, Ernie. Very nice inverted head and shoulders, and of all things!: today it retested (successfully) the R line now turned to support! Things are lookin' up for Ernie's BOOM pick.

Er, uh, by the way . . . if it does take out the target price, I'd, uh, I'd try to make sure that I was awake at the sell switch because it will have then formed a triple top, and probably won't make it past that big R at $64. Comprende, amigo?

[Karel]

NBB, Ernie's target was 63,69, so it will require a really fast trigger finger if that 64 resistance is as hard as you suppose. I checked my limit order and it's panting to get executed ...

Regards,

Karel

[jiesen]

Sold BOOM at 57.8

Ok, I upped my limit until it hit at 50.8, so now I'm in, and will fearlessly spam the Yahoo! board with my opinion. I probably paid $2 more than I had to for this one, but I think when it hits $64 in 4-6 weeks, it won't really matter anymore whether I paid 48 or 50 for it.

Sold my BOOM today for a 14% profit in one month (didn't want to get too greedy this time, as it is a pretty wild market). Hope all the rest of you get some nice profits out of this one as well!

Thanks for the awesome pick, $$MM! You are HUGE!!!

[New-born baby]

Boom currently has a target of $22 on the PnF. I see my last post on this thread warned that $64 (I said $62.50 on the chart) was probably it, but in real life $61.14 was the limit. Ugh! Chart showing a "death cross" coming, too. Glad you got out at 14% Jiesen.

If you want to play it upside down, ie, short it, then short the $42 bust when it comes.

[spikefader]

...short it...

[riverbabe]

Sold BOOM short 4/15 @ 43.44 and held through the upturn. After hours (after earnings) tonight bot to cover @ 41.75. It hit support at about 41.50 so I did the best I could. Currently bid/ask is 42.25/42.45. It closed reg. trading today @ 46.59.

[jiesen]

congrats on the successful trade, river! glad I haven't bot back in... yet.